Walt Disney Co (DIS) Price Target Raised to $125.00 at Instinet
Walt Disney Co (NYSE:DIS) had its price target upped by equities researchers at Instinet to $125.00 in a research note issued to investors on Tuesday. Instinet’s price target points to a potential upside of 10.90% from the stock’s previous close.
Several other research analysts have also recently issued reports on DIS. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price on shares of Walt Disney in a research report on Friday, November 25th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research report on Saturday, November 26th. Argus reissued a “buy” rating and issued a $129.00 target price on shares of Walt Disney in a research report on Wednesday, November 30th. Sanford C. Bernstein reissued a “hold” rating and issued a $102.00 target price on shares of Walt Disney in a research report on Thursday, December 1st. Finally, Deutsche Bank AG raised Walt Disney from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Sunday, December 4th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney has an average rating of “Hold” and a consensus price target of $114.84.
Shares of Walt Disney (NYSE:DIS) opened at 112.71 on Tuesday. The firm’s 50-day moving average is $110.49 and its 200-day moving average is $101.34. Walt Disney has a 52 week low of $90.32 and a 52 week high of $113.16. The company has a market cap of $178.22 billion, a price-to-earnings ratio of 20.34 and a beta of 1.25.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. The business had revenue of $14.78 billion for the quarter, compared to analysts’ expectations of $15.30 billion. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. Equities research analysts predict that Walt Disney will post $5.94 earnings per share for the current year.
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In other news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $110.50, for a total transaction of $221,000.00. Following the transaction, the executive vice president now owns 27,745 shares of the company’s stock, valued at approximately $3,065,822.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 6,925 shares of company stock worth $747,764. Corporate insiders own 13.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $110,000. Lombard Odier Transatlantic Limited Partnership boosted its stake in shares of Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock worth $111,000 after buying an additional 500 shares during the last quarter. New Capital Management LP acquired a new stake in shares of Walt Disney during the fourth quarter worth $139,000. TLP Group LLC acquired a new stake in shares of Walt Disney during the third quarter worth $129,000. Finally, Massey Quick & Co. LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $152,000. 58.65% of the stock is currently owned by hedge funds and other institutional investors.
About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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